Property Valuation
An Alaska appraiser is appraising a property 'subject to completion' of proposed improvements. This is considered a:
AStandard appraisal with no special conditions
BHypothetical condition — assuming the improvements exist when they do not yet✓ Correct
CAn extraordinary assumption about the current condition
DA retrospective appraisal
Explanation
Appraising 'subject to completion' means the appraiser assumes the proposed improvements have been completed, even though they haven't. Under USPAP, this is a hypothetical condition — a condition that is contrary to known fact.
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